The Oxford Handbook of Sports Economics

Volume 1: The Economics of Sports

Leo H. Kahane and Edited by Stephen Shmanske

Description

Stephen Shmanske and Leo Kahane have brought together nearly all of the important authors in the quickly growing field of Sports Economics to contribute chapters to this two-volume set. The result is truly informative in its content and path breaking in its importance to the field. Anyone contemplating research in the field of sports economics will find the works in these volumes to provide both ample background in subject after subject and numerous suggestions for future avenues of research.

The editors have recognized two ways that economics and sports interact. First, economic analysis has helped everyone understand many of the peculiar institutions in sports. And second, quality data about individual productivity, salaries, career histories, teamwork,
and managerial behavior has helped economists study topics as varied as the economics of discrimination, salary dispersion, and antitrust policy. These two themes of economics helping sports and sports helping economics provide the organizational structure to the two-volume set.

The reader will find that sports economists employ or comment on practically every field in economics. Labor Economics comes into play in the areas of salary formation, salary dispersion, and discrimination. Baseball's history and the NCAA are studied with Industrial Organization and Antitrust. Public Finance and Contingent Value Modeling come into play in the study of stadium finance and franchise location. The Efficient Market Hypothesis is examined with data from gambling markets. Macroeconomic
effects are studied with data from mega events like the Super Bowl, The World Cup, and the Olympics. The limits of Econometrics are pushed and illustrated with superb data in many of the papers herein. Topics in Applied microeconomics like demand estimation and price discrimination are also covered in several of the included papers. Game Theory, measurement of production functions, and measurement of managerial efficiency all come into play. Talented authors in each of these fields have made contributions to these volumes.

The volumes are also rich from the point of view of the sports fan. Every major team sport is covered, and many interesting comparisons can be made especially between the North American League organization and the European-style promotion and relegation
leagues. Golf, NASCAR, College athletics, Women's sports, the Olympics, and even bowling are represented in these pages. There is literally something for everyone.

The Oxford Handbook of Sports Economics

Volume 1: The Economics of Sports

Leo H. Kahane and Edited by Stephen Shmanske

Table of Contents

Volume 1: Economics of Sports

Part One: Economics of Leagues and Contest Design

1. Economics of League Design: Open versus Closed Systems by Stefan Szymanski2. Competitive Balance by Brad R. Humphreys and Nicholas M. Watanabe3. Club Objectives, Competitive Balance and the Invariance Proposition by Stefan Kesenne4. Theory of the Big Dance: The Playoff Payoff In Pro Sports Leagues by John Vrooman

Part Two: Economics of Major League Sports

Section 1: Baseball

5. Baseball's Antitrust Exemption: History and Current Relevance by Roger D. Blair and Jessica S. Haynes6. The Reserve Clause and Labor Mobility by Paul D. Staudohar

Section 2: Basketball

7. Salary Caps and
Luxury Taxes by Dennis Coates and Bernd Frick8. International Labor Mobility and the National Basketball Association by Evan Osborne

Section 3: Hockey

9. The Demand for Violence in Hockey by Duane W. Rockerbie10. Hockey: Game Design and Overtime by Jason Abrevaya

Section 4: Football

11. Field Position and Strategy in American Football by Kevin G. Quinn12. Network Television Revenue Sharing and Competitive Balance in the NFL by Ira Horowitz and G. E. Whittenburg13. Competing Leagues, Mergers, and Expansions by Aju J. Fenn

Section 5: Soccer

14. The Bosman Ruling and Labour Mobility in Football (Soccer) by John Goddard, Peter J. Sloane and John O.S. Wilson15. Labour Supply and
Human Capital Formation in Professional Team Sports:Evidence from the FA Premier League by Bill Gerrard

Part Three: Economics of Other Sports

16. Remembering Three Economic Studies on Professional Golf by Matthew Hood17. Economics of NASCAR by Andrew Abere, Peter Bronsteen and Kenneth G. Elzinga

Part Four: Economics of College Sports

18. To Be or Not to Be: The NCAA as a Cartel by Robert D. Tollison19. What Does Intercollegiate Athletics Do To or For Colleges and Universities?by Malcolm Getz and John Siegfried20. Is March Madness Contagious? Post Season Play and Attendance in NCAA Division I Basketball by Craig A. Depken, II21. Gender Equity in Intercollegiate Athletics: Economic Considerations and Possible
Fixes by Andrew Zimbalist

Part Five: Economics of Mega Events

22. Economics of the Olympics by Peter Dawson23. The Economics of the World Cup by Rob Simmons and Christian Deutscher24. Economics of the Super Bowl by Victor A. Matheson

Part Six: Economics of Refereeing

25. Career Duration in Professional Football: The Case of German Soccer Referees by Bernd Frick

The Oxford Handbook of Sports Economics

Volume 1: The Economics of Sports

Leo H. Kahane and Edited by Stephen Shmanske

Reviews and Awards

"Covering professional and NCAA team and individual sports, this set provides timely overviews of major sports industry issues together with empirical applications ranging
from attendance to ZIP code analysis. No sports economist will want to be without this resource; all can enjoy and benefit from lucid, insightful applications of the "dismal science" to areas that are anything but dismal. Highly recommended. " --Choice